Signs of Progress as Congress Debates Financial Reform

A look at the major decisions and political battles facing President Obama and Congress this week.
(flickr user David Paul Ohmer (cc:by))

The financial regulatory reform bill is moving quickly through Congress this week, having already passed the House. But Takeaway Washington correspondent Todd Zwillich looks at one of biggest flash points as the Senate debates the bill: Derivatives. It's an industry worth about $500-600 trillion and has remained largely free of regulation up to know. Todd explains how Congress is trying to bring sunlight to a typically murky practice.